Sun.Feb 23, 2025

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Maximize Your 401(k) in 2025: Smart Strategies for a Secure Retirement

RogerRossmeisl

Saving for retirement is a crucial financial goal and a 401(k) plan is one of the most effective tools for achieving it. If your employer offers a 401(k) or Roth 401(k), contributing as much as possible to the plan in 2025 is a smart way to build a considerable nest egg. If youre not already contributing the maximum allowed, consider increasing your contribution in 2025.

CPA 130
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Reporting on Multiple Payroll Periods

Insightful Accountant

In this week's QuickBooks Monday Minute, Murph gives you a few simple steps to run multi-period 'packaged' payroll reports from QBO.

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Understanding the Work Opportunity Tax Credit

RogerRossmeisl

According to the U.S. Bureau of Labor Statistics, the unemployment rate continues to be historically low, ranging from 4.0% to 4.3% from May to November of 2024. With todays hiring challenges, business owners should be aware that the Work Opportunity Tax Credit (WOTC) is available to employers that hire workers from targeted groups who face significant barriers to employment.

Tax 130
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7 Most Common Myths About Fractional Accounting Teams

Basis 365

Fractional accounting teams are rapidly becoming the go-to solution for businesses looking to streamline their finances and access expert financial insights without the expense of a full in-house accounting department. Despite their growing popularity, several misconceptions continue to surround fractional accounting teams and outsourced accounting , preventing some businesses from realizing their potential.

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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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Put a Business Valuation Pro on Your M&A Team

RogerRossmeisl

Global merger and acquisition (M&A) volume is expected to surpass $4 trillion in 2025, the highest in four years, according to Reuters. Reasons for the anticipated surge include recent interest rate cuts by the Federal Reserve and GOP promises of fewer regulations and lower taxes for U.S. businesses and their owners. Tariffs if enacted also could spur consolidation in certain industries.

CPA 130
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2025’s supply chain challenge: Confronting complexity and disruption in global trade

ThomsonReuters

Complexity and disruption those are the keywords when describing global trade and supply chain management in 2025, according to Thomson Reuters 2024 Global Trade Survey Report. The report is based on responses from upper-level trade professionals in North America, the European Union, the United Kingdom, Latin America, and Asia Pacific. Each of the 2024 surveys top themes is related to complexity and disruption in some way, with disruption in the supply chain being the primary concern for respo

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Exploring the evolving landscape of e-invoicing in Europe: Takeaways for tax professionals

ThomsonReuters

The European e-invoicing market is on the brink of a major transformation, driven by mandatory e-invoicing and e-reporting regulations emerging across the EU. This shift, spurred by the need to improve VAT revenue collection and fueled by initiatives like the EU’s VAT in the Digital Age (ViDA), presents both challenges and opportunities for businesses.

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How Section 1231 Gains and Losses Affect Business Asset Sales

RogerRossmeisl

When selling business assets, understanding the tax implications is crucial. One area to focus on is Section 1231 of the Internal Revenue Code, which governs the treatment of gains and losses from the sale or exchange of certain business property. Business gain and loss tax basics The federal income tax character of gains and losses from selling business assets can fall into three categories: Capital gains and losses.

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Some Federal Agencies Tell Workers Not to Respond to Elon Musk’s Email Demand

CPA Practice

The Pentagon and Department of Justice have told workers to pause on replying to the Trump administrations email, citing potential legal pitfalls and agency autonomy.

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